According to a report from ET Online, the couple's new home won't be too far from mom Kris Jenner's place, as she also purchased a home nearby. Jenner's home reportedly cost her $10 million and includes a theater, gym and 1.28 acres of land.

“Kim is super savvy when it comes to real estate,” Million Dollar Listing’s Josh Altman told ET. “Every house that we've done business with together, she's knocked it out of the park. She's done certain things to properties that really add a lot of value."

In November, it was reported that Kim and Kanye sold their Bel Air home for $17.8 million, after originally purchasing it for $9 million in 2013. Following the purchase, the couple tore the house down "to the studs" and rebuilt it as a "modern, minimalist home," although it's unclear how much was spent to redo the house.